International Petroleum Investment Company (IPIC) plans to issue a dual-curency bond spread across two tranches.
With increased consolidation and tepid growth only a few players will survive, says Manuel Emch, CEO of Romain Jerome.
Sultan bin Nasser Al Suwaidi says that the banking sector in the country has stabilised and lenders have a solid capital base.
The biggest businesses in the United Arab Emirates.
Etisalat’s Saudi unit, Mobily, has been banned from selling pre-paid SIM cards by the Kingdom’s regulator.
Banks form the majority of the top companies in the Gulf State.
The potential increase will boost KFH’s capital to $1.24 billion.
The British maker of James Bond’s cars could be Indian-owned by the end of the week.
A string of top managers have left the US lender’s MENA business this year.
As competitors jostle for tight market space, smartphones are set to revolutionise in 2013.
Booming tourism made up for the slow down in growth in foreign trade.
The new plant, called Yanbu III, will have a capacity of 550,000 cubic metres per day of desalinated water.
The biggest businesses from the tiny Gulf state of Qatar.
While 21 per cent of UAE hotel projects in the pipeline have been postponed, 54 per cent are confirmed, finds new study.
Study shows that 27% consider preservation of capital fundamental to their investment planning.
Most of the job-cuts are in back office roles such as IT, according to sources.
The project, to be developed by Meraas, will also include a Bollywood-themed section.
The airline generated $809 million in revenue last year and expects growth to come from higher demand.
The joint venture energy firm plans to bring a cleaner fuel project online.
The luxury car brand is targeting a slice of the German manufacturers’ pie.
Hospitality company Jumeirah has signed an agreement to operate in Mumbai, India; CEO tells Gulf Business that Delhi may be next.
Abu Dhabi’s flagship carrier is eyeing up minority stakes in Jet Airways and SpiceJet.
Despite the global economic uncertainty, the GCC has bounced back, led by the UAE’s thriving service sectors
Qatar Holding, the lender’s top shareholder, has monetised its remaining 379 million units.
US on course to slash budget deficit nearly in half next year, as serious negotiations to begin this week.
Mobily will not able to resume sales of pre-paid cards until it meets provisioning requirements.
Sheikh Mohammed instructs work to begin on the second phase of the Dhs2.5 billion JW Marriott Marquis.
The Arab world’s economic revolution is only just beginning, says Jafar, in an exclusive interview with Gulf Business.
Card payment processor Network International has acquired a stake in TimesofMoney for an undisclosed sum.
The South Korean pop song has had over 812 million views since it was posted on the site in July.